Ether, the second-largest cryptocurrency by market cap, experienced a significant reversal, rising from $2,330 to $2,612—marking a 12% surge since last weekend. This renewed recovery was fueled by a broader market uptick, which saw accelerated momentum due to whale accumulation and a spot Exchange Traded Fund (ETF) launch in Australia. With the optimistic “Uptober” sentiment making a return, these Ethereum tokens could assist crypto investors in achieving the $1 million milestone.
CryptoGames
Turn Uptober into $1M with These 5 Ethereum Tokens
The first half of the Uptober rally was hindered for crypto participants, primarily due to geopolitical tensions in the Middle East. However, market buyers have begun showing resilience to these events, as evidenced by Bitcoin’s sharp recovery to $67,000.
As Ethereum’s price is set to recover from recent market retracements, emerging tokens like SHIB, UNI, Pepe, IMX, and WLD could fuel a sustained rally.
Shiba Inu (SHIB)
Shiba Inu (SHIB), the second-largest meme cryptocurrency, has traded sideways for the past two weeks, stabilizing above the $0.000016 line. A reversal from this support has uplifted the asset 20% up to trade at $0.0000186, while the market cap boosted to $10.61 Billion.
An analysis of the daily chart shows the upswing asset is forming a bullish reversal pattern called the inverted head and shoulder. Generally, the pattern is developed in a major market bottom and drives a sustained rally post-neckline breakout.
The Shiba Inu price prediction shows a 13.5% distance before the buyers provide the decisive breakout from neckline resistance.
Shiba Inu (SHIB)
SHIB/USDT -1d Chart
Uniswap (UNI)
Uniswap (UNI) stands second in our list of Ethereum tokens currently trading at $7.64 and holding a market cap of $4.59 Billion. An ascending trendline in the daily chart drives the current recovery trend in UNI price, providing buyers with dynamic support to recuperate the bullish momentum.
Moreover, the UNI supply on exchange has steadily plunged from the April top of 82.6 Million to 77.8 Million coins, accounting for a 5.8% loss. The reduced available supply on exchange decreases the risk of market selling pressure and eventually helps to maintain a steady uptrend.
